Summary
- Axel Adler Jr., a contributor to CryptoQuant, reported that more than 50,000 Bitcoins were sold at a loss in the past 24 hours.
- The contributor stated that this phenomenon is a clear sign of the start of a panic sell-off.
- Currently, on the Binance USDT market, Bitcoin is trading at $117,800, up 0.63% from 24 hours ago.
An analysis has emerged that a panic sell-off of Bitcoin (BTC) has begun.
On the 16th (local time), Axel Adler Jr., a contributor to CryptoQuant, stated on X (formerly Twitter) that "over 50,000 Bitcoins were sold at a loss in the past 24 hours," adding, "This is a clear sign of the start of a panic sell-off."
As of 3:09 PM, Bitcoin is trading at $117,800 on the Binance USDT market, up 0.63% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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